REI GISTERII D CHARII'Y NUMBER.. NIC104004 Repoi't of the Trustees and Audited FinanciAI Statements fo). the Year Ended 31 Decernbei. 2022 foi. Logos Mliiistrles International McIlveen Howard Liillited Statutory Auditors Chai'tei'ed Accountants 169a Upper Newtownards Road Belfast BT4 3HZ
Logos Ministries International Contents of the Financial Statements roi. the year ended 31 Deceinbei. 2022 Page Report of the Trustees Report of the Independent Auditors 7 to 9 Statement of Financial Activities Balance Sheet Notes to the Finaiicial Stateinents 12 10 23
Logos Miiiistries International Report of tlie Trustees foi. the year ended 31 DeeembeR' 2022 Logos Ministries Interiialional is an evangelical christian organisatioii dei'ived fi'oin a Declai'ation of Trust Deed dated 5 October 1981 in the naine of 'The Yout51 Evangelical Missionary Fellowship,, and the Ti'ustees of Logos Ministries International (Il)e charity) al'e appointed undei. the terms of tlie Trust Deed. The Trustees present their i-epoi't with Ilie financial statements of the charity for the year ended 31 December 2022. The Trustees have adopted the provisions of Accounting and Repoi-ting by Charities.. Statement of Recomniended Pi'aclice applicable lo cl)arities prepai-ing accounts in accoi'dance with Financial Repoi'ling Standard applicable iii the UK and Republic of li'eland. OBJECTIVES AND ACTIVITIES Policies and objeetives In settiIig objectives and planning for activities, the Tn]stees have given due coiisideration to general guidaiice published by The Chai'ities Conimission for Noi'thei-n Ii'eland I'elating to public beiiefit. Actlvlties undertaken to achieve objectives The charity l)as four inain ai'eas of woi'k and fui'ih¢r details are given below. There al'e vai'ious projects opei'ating thi'oughout the yeai.. Maiii activitles undertakeii to further the charity's purposes for public benefit The chai'ity liad twenty six diffei'ent pi'ojects iunning. The i-esults of the ft)ajor projects al'e listed below in the Review of Activities. Fund raising and donations received The cliai'ity raises and receives ndS fi-om a vai'iety of sources iiicluding L'eaehing out foi oiie-off gifts, specific project-fuiiding appeals and general public doi)ations. Diii'ing the year lo 31 Decembei. 2022, the chai'ity received £184,038 fi-oiii 'one-off gifts i'cpreseiiting 46 % of olli. lolal ndS i-eceived in the year. (2021.. 132,168 I'epresenting 36 % ) Page I
Logos Ministries liitei-iiatioT]al Repoi't of the Triistees for the year elided 31 December 2022 ACHIEVEMENT AND PERFORMANCE Review of activities Youth & Schools Outreach Department (YSO) Followiiig a wondei'ful surge in deinand for the services pi'ovided by LMJ'S Youtl) & Schools Outreach Deparln)ent following the pandeinic, the leain was sli-ei)gthened by the addition of a third full time worker. This developmeiit canie at an ideal tinie, pi'ior to the beginning of the 2022123 academic year, enabling all the teain membei's to woi'k logeilier to create new progranumes, edit existing content, and replace olderllesser used niaterial. With the vast majority of scliools and chui'ches rettirning lo pre-paiidemic operating Iiorins, the team were involved in a lol less online teaching sessions, biit this drop was more than made up foi. by the retui'n of regular ii)-pei'son RE classes, SU group sessions and youth group events. Notably, the internec still provided a wonderful vehicle for Il)e SHINE init12tive, a collaboi'ative effort involving sevei-al mission ageiicies. The Bible leaching videos pi'oduced wei'e iised by 432 schools aiid churches iii the UK aiid Jrelai)d' many chui-ches and organisations ii) ovei'seas locations, includiiig Australia, New Z¢alaiid, Canada, Finland and South Africa; and is available to stream globally via the majoi. US Christian streaniing website, Right Now Media. We also welconied our fii-st evel- student placement froin Belfast Bible College, with hopes of niaking this an opportui)ity within tl)e Yoiitl) & Schools Departnient oil a i'egular basis. Bible Teaeliing Ministry (BTM) Following niuch discussion and planning, and a significant investinent in a new CRM systein, LMI'S Bible Teaching Miiiistry was able lo start offei-ing students around the world the opportunity lo iinderlake their studies via einail. This exciting developinent meant that anyone, anywliere will) inlei'nel access could avail theniselves of our eoiu'ses, iiicluding Christians in nations where they face hostility, opposition aiid persecution. In addition, oiii Dynamics of Discipleship, Bible teaching i'esource continued to spi'ead across the world aiid requests for new language ti'aIislatioiis continued to con)e iii. The Inatei'ial was used iii several locations where Ihei'e was previously no LMI involvet)ieiil, incliidiiig Togo, Benin aiid Bui'kino Faso, aiid we also printed the resource in the UL'du language for the fit-st tinie, bringing the total numbei. of li'anslalions availabl¢ to niiie. Page 2
Logos Miiiisti'les Intei'nalional Report of the Trustees for tlie yeai. ended 31 Decenibei. 2022 Overseas Miiiistry Pi'ogi'amme Tliere was a welcoine relui'i) foi. a long-standing eleinent of oui- Ininistry, as we sent out aIi LMI Ovei'seas Minisliy T¢an) foi. the first liine siiice the paiideinic. The teani spent thi'ee weeks ii) Rwanda 211d Biiriindi, woi'kiiig with oui. Ininistiy pai'lnei's to provide leadei'ship ti'aining seininars foi. Christian leadei's. preacliing and bi'iiiging encoui'agen)ent lo local churches; and speakiiig at a youili sports canip. A variety of overseas ministry projects, stretching aci'oss sevei'al nations aiid continents, also tool( place througlioul the year. The type of support needed vai'led widely fron) location to location, but oiir woi'k included humanitai'ian relief efforts in Iiidia, South Asia, the Middle East, and Ukraine (the latter to aid refugees of tlie wai. in Ukraine). sponsorsliip for Bible teaching seillinars and yoiith events in Africa. a suinmer can)p for children in Hungary; and Bible litei'acy classes for adults in Soutl) Sudan. We also appointed a neiv coordinator, who is an experienced cross-cultural iiiissionary and Bible teacher, to oversee this aspect of the ininislry. Mission Awareness Pl'ogi'amme A return to normality in churches meant Iliat we wei'e able to visit maiiy more congregations, in-person tl)aii had been the case for sevei'al yeai's. LMI staff niembers were involved iii Mission Awareness Pi-ogramme meetings in a l'ange of loeations, and involving a iT)ix of deiioininations, encouraging and challenging those they mel lo gel involved in global tnission. Regrellably, despite our hope of bringing ali LMI Cooi'dinalor oi. ii)inistry parliier to the UK lo undei'take a series of meeliiigs, this didn't iiiatei'ialise, iii parl due lo prevailing Covid-19 measui'es relating to Ii'avel. FINANCIAL REVIEW Financial positlon The results foi. tlie yeai. are set out in detail on pages 9 to 22. The i'esults show net oiitgoiiig reSolceS for the yeai. of £9,814 (2021.. iiet outgoing i'esources £59.118).. Reserves Policy and Going ConcerIi The Tiuslees al'e pleased to report Ilial at the end of tlie finai)cial yeai., the charity had net working capital i'eserves of £309,754 of ivhich £305,681 was held as cash in bank accoiiiils (2021.. £305,681 and £296,232 respectively). This is adequate to covei. all ki)own Icvels of expenditui'e foi. the next thi'ee moi)Ihs.Furihei'nioi'e, iii a woi'st case eveiit resulting in a cessation of donatioiis i'eceived, the Trustees consider that this level of liquid i'eseives would enable the conliiiuatioii of the charity's col'e activities for at least a rther twelve Inoiith pei'iod after aiiy sucl) unfoi'eseen event. Foi. these i'easons, the Trustees are satisfied with the level of liquid funds held and accoi'dingly will conliiiiie to adopt the going concerii basis in prepai'ing the financial slatemei)Is. FUTURI PLANS As God enables us, we want to work towai'ds achieving the following goals in 2023: l ) We would like to iR)vest in a new CRM system, new finance software, and a new website. 2) We would like to eniploy addilioi)al personnel for both the Youth & Schools Ouli'each aiid COMIuniCatiOnS Depai'liiieiits. 3) We waiil lo resiime bi'inging LMI'S Overseas Coordinatoi's to Ilie UIC aiid li'eland lo lake parl in Mission Awareness Progran]nie (MAP) meetings. 4) We would lilce lo exieiid Il)e global l'each of LMI'S 'Dynainics of Discipleship, nialerial by liavii)g il translated into Inoi'e1211guages. Page 3
Logos Ministries InternatlonAI Repoi't of tlie Trustees ror the year elided 31 December 2022 STRUCTURE, GOVEI RNANCE AND MANAGEME< NT Governlng docunient The charity is controlled by its goveriiing docui)ienl, a Deed of Tiusi dated 5 October 1981 iii the name of 'TI)e Youth Evangelical Missionai'y Fellowsliip, fi'om wliich Logos Miiiislries Intei'nalional {LMI) was ci'ealed, Iiid constitutes an unineoiyorated chat'ity. Constitution LMI is an interdenominational, evaiigelical Christiaii oi'ganisation, which exists ¢0 serve the Church. Oui. motto is "We waiit the world lo know Jesus As a ministry we operate totally by faith, tn]sting in God lo nieel all our needs throiigh the pi'ayei's and support of His people. LMI is involved in foul. key ai'eas of work.. Mission Awai'eness Pi'ogramme - inspii'iiig and challenging the local chui'ch iiito action Youth and Schools Ouu-each inspiring this genei'ation of young people to exainine the cIlsan faith Ilirough relevant, modei'n and engaging pi'ograinm¢s. Bible Teaching Minisli'y - Disclpling and training Chrisliaiis aroiind the world Overseas Ministry Programine - equippiiig and sli'eiigihening local churches around the globe. Methods of appointment, election and i-etirement of Trustees Tl)e InaTiageTment of tl)e charity is the i'esponsibility of the Ti'LlStees who al'e clected and co-opted undei. the tei'ms of the Trust Deed. Sei'ving Tiustees hold i-egulai. meetings al which new Trustees can be pi'oposed and secoiided. Dui'ing the financial yeai., ai)d up to the datc of this report, there wei'e iio new appointments of Tiuslees and none of Ilie Trustees r¢tir¢d fi'om office. Oi'ganisationAI sti'uctui'e, steivai'dship and decision making policies As noted undei. tlie Govei'ning Docuineiit pai'agraph, tlie Charity fuiictions under the tei'ms of tlie 1981 Trust Deed aiid the operation of the charity is iindei. the stewardship of the TISteeS of the Trust. Tlie Trust Deed gives Ilie TISteeS powers lo appoint a managenient con)mitlee compi'ising sei'ving Trustees aiid other individuals appi-oved by the Tiustees to act as manages. The Ti'ustees al'e perinitled lo delegate powers and authority to the nianageineni conimiltee foi. tlie purpos¢ of inanagiiig Tnisl propei'ty on their behalf aiid to niake decisions, iiicludiiig appropi-iate policies, iii I'espect of the Ti'ust property. Ultiniately, tl)e Tiuslees reinain respoiisible foi. tlie decisions takeii and cari'ied out on tlieir behalf by the niaikngenieiit comn)ittee. At Ilie date of this report, thei'e are eight seiwing Trustees and the nianagement comnittlee comprising all of the Trustees and eight nianagers. In addition, Thonias and YvonIie Mcclean, Co-Fouiidei'slMission Directoi's ale also retained by tlie chai'ity foi. theii. knowledge and coiitinued suppoi't foi. Ihc charity's objectives. Tl)ey are self-employed aiid paid uiidei. LMI'S suppoi't nd structure. Details of amounts paid to Thoinas and Yvonne Mccleaii are outlined in note 20 of 11)e financial stateinents. Finaneial i'isk inanagenieiit Thc Ti'uste¢s have assessed the majoi. I'isks lo whicli the chai'ity is exposed, in articular those related to the operations and finances of tlie charity. Major I'isks identified ii)clud¢ aeceplance of doi)ations, application of donation Inonies I'¢¢¢iv¢d foi. the pui'poses of the chai'ity and all Inattei's i'elated Ihei'eto. The Ii'uslees have satisfied themselves in these areas of operations, that adequate controls and procedures are in place lo mitigate any exposui'e lo tlie ideiitified i'isks. Page 4
Logos Ministrie5 Intei-natioiial Repoi't of tlie Trijstees for tlie yeai- ended 31 DeceInber 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT rtunds held as Custodian foi. otliers In tl)e coiii'se of iioi'inal activities of the charity, we do noc hold ndS on behalf of any othei. party. In accordance with the Declai'alion of Trust dated 5 October 1981, in tlie event of our chai'ity ceasiiig to function, all or any residual fuiids after settlement of all our obligations shall be given lo some other fellowship haviiig objects similai. lo oui. own, and disti'ibuied al the disci'elioii of the Trustees at the lime. REFERENCE AND ADMINISTRATIVE DETAILS Registei'ed Chai'ity nuinbei. NICI 04004 Pi'incipal addi'ess Uiiils 7 & 8 B¢llsbridge Office Pai'k Ladas Drive Belfast Co Antrim BT6 9FH Ti'ustees Rev J Maddock MI. E Scevensoi) Mi. J Wilson Mi. M Richinoiid Mi. T Clai'ke Mi. P Nixon Mi. l Mcconaghy Mi. A Beacoin Auditoi's Mcllveen Howard Liiiiiled Statutory Auditoi's Chartei'ed Accouiitanls 169a Upper Newtownards Road Belfast BT4 3HZ Bankers Ulster Bank Liniited Arclies Retail Park Belfast BT5 4AF Solficltoi's Hewitt & Gilpin Solicitors Tl)omas FIouse 14-16 Janies Street South Belfast BT4 3BA Page 5
Logos Ministries International Report Trf Ilie Trusteo. for Ihe year ended 31 Deceinber 2022 STATEMENT OF TRUSTEEI S, RESPONSIBILITIII S Thc tiilstecs are i'espoiisible for prep(Irii)g the Report of Ihe TISt¢eS aiid the fiiiaiicial stateincnls in accord(ince willi applicable law and United Kingdom Accounting Slaiidardg (United Kingdoni Genei2lly Accepted AccoiiLlting Piaclice) iiicliidiiig Fiiiancial Reporting Staiidai-d 102 'The FinanLial Repoiting Standai-d applicable in th¢ UK and Republic of Ii'eland." Tlie law applicable to chai'ilies in Northern Ireland, Ihe Cliarities Act INoriliern treland) 2008, and tlie provisions of Ilie ust dccd r¢qvires the trustees to pr¢p¢ finai)Cldl staleinents foi. each financial year which givc a true and fail view of the state of affaii's of the charity and of tlie iiicoining re8DuI'ces and application of resources, including the iiiconie and expeiiditure, of the cliarity for that period. In pi'epai'ing tliose fiiiancial slateinents, tlie tiustees are irquired to.. select suitable accounting policies aiid tlieii apply tliein consistently. obseive d)e inetliods ]d principles iii tl)e Charity SORP; make judgeineiits and estiinates Iliat are reasonable and prudent. state whether applicable UK Accuunling standaTds (FRS102) hilV¢ ben followed, siibj¢ct to any niateiial depathires disclosed and explained in Ilie financial staten)enls' prepare tlie financial stdlenients on the gollig concem basis unless it is inappropriat¢ to presume that the clial'ity will conliiiue in busiiiess. The trustees al'e responsible for keeping proper accounling records which disclose with i'easonable accui'acy at aiiy tinic tl)e financial positioii of tlie charity and to enable theni to ensui'e that Ilie fiiiancial stateii)ei)ts coniply witli the Chai-ities Act (Northtim hrlaiid) 2008, the Charity (Accow)ts' aiid Repoits) Regulations INoitliern li'eldnd) 2015 and the pi'ovisions of the trust deed. They are also irsponsible for safeguarding the assets of the cl)arAty and lieiice foi. takiiig i-easonablc steps for t]ie preventioji and dete¢tioii of fraiid and otlier irregularities. Disclosure of finfDrmadon to auditor5 Each of the persons who are Trustees at the tiinc wh¢n this Ti'ust¢es' r¢poil Is dpproved lias confinned Ihat: so fai- as tliat Trustee is aware. tliere is no relevant audit infomlation of which th¢ charity's auditors al-e unaware. and that Tiiistee liab tak¢n all the steps that alight to have been tak¢ii as a Trustee in ord¢i' to be aware of 4qny relevant aiidit inforniatioi) aiid lo establisli tliat the charity's auditoiE are aware of Iliat infoii]iation. Appi'oved by order of the board of twslees on ..... aiid signed on its behalf by.. Tiustee Pagc 6